Israel objects to Britain over aid indirectly funding Palestinian convicts
Experts say institutions will grab deposits without warning
WASHINGTON – With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future failures, experts say.
Previously the federal government has taken taxes from consumers, or borrowed the money, to hand out to troubled banks. This could be a little different, and could allow banks to reach directly into consumers’ bank accounts for their cash.
Some financial experts contend that banks already have the legal authority to confiscate depositors’ money without warning, and at their discretion.
$5.25 Million For Senate Hair Care And 21 Other Ways Politicians Are Living The High Life At Your Expense
September 26, 2013
If you want to live the high life, you don’t have to become a rap star, a professional athlete or a Wall Street banker. All it really takes is winning an election. Right now, more than half of all the members of Congress are millionaires, and most of them leave “public service” far wealthier than when they entered it. Since most of them have so much money, you would think that they would be willing to do a little “belt-tightening” for the sake of the American people. After all, things are supposedly “extremely tight” in Washington D.C. right now. In fact, just the other day Nancy Pelosi insisted that there were “no more cuts to make” to the federal budget. But even as they claim that things are so tough right now, our politicians continue to live the high life at the expense of U.S. taxpayers. The statistics that I am about to share with you are very disturbing. Please share them with everyone that you know. The American people deserve the truth.
According to the Weekly Standard, an absolutely insane amount of money is being spent on the “hair care needs” of U.S. Senators…
Senate Hair Care Services has cost taxpayers about $5.25 million over 15 years. They foot the bill of more than $40,000 for the shoeshine attendant last fiscal year. Six barbers took in more than $40,000 each, including nearly $80,000 for the head barber.
Keep in mind that there are only 100 U.S. Senators, and many of them don’t have much hair left at this point.
But hair care is just the tip of the iceberg. The following are 21 other ways that our politicians are living the high life at your expense…
September 25, 2013
Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe. It is only a matter of time before we see this exact same type of thing happen in the United States as well. From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.
Let’s take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe…
Attempt to delay European nation’s looming debt crisis
(WND) NEW YORK – Quietly, as the looming possibility of a U.S. military attack on Syria dominated news internationally, the government of Poland announced a decision to confiscate half of the nation’s pension funds in an attempt to delay an impending government debt crisis.
While details remain hazy, Reuters reported Sept. 4 that Polish Prime Minister Donald Tusk announced a government decision to transfer to ZUS, the government pension system, all bond investments in privately owned pension funds within the state-guaranteed system.
Published August 21, 2013
GRANTS PASS, Ore. – Running out of money to fight wildfires at the peak of the season, the U.S. Forest Service is diverting $600 million from timber, recreation and other areas to fill the gap.
The nation’s top wildfire-fighting agency was down to $50 million after spending $967 million so far this year, Forest Service spokesman Larry Chambers said Wednesday in an email.
Wildfire spending by other federal agencies takes the total to $1.2 billion.
Chambers says the $50 million the Forest Service has left is typically enough to pay for just a few days of fighting fires when the nation is at its top wildfire preparedness level, which went into effect Tuesday.
There are 51 large uncontained fires burning across the nation, making it tough to meet demands for fire crews and equipment.
By Michael Snyder, on August 2nd, 2013 (The Economic Collapse)
Do you actually believe that the employment numbers are getting better? Do you actually believe that there is a bright future ahead for American workers? If so, then you really need to read this article. The truth is that we are in the midst of the worst employment crisis since the Great Depression, and there has been absolutely no employment recovery. In fact, the percentage of working age Americans that are employed is just about exactly where it was during the darkest days of the last recession. But the mainstream media is not telling you this. The mainstream media is instead focusing on the fact that the official “unemployment rate” declined from 7.6% in June to 7.4% in July. That sounds like great news, but when you take a deeper look at the employment numbers some very disturbing trends emerge.